KH Services: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KH Services
Largest movements
- Tangible fixed assets +€57,517
up €57,517 (+4405.7%), from €1,306 to €58,822
of which Leasing and similar rights: +€35,538
- Receivables within one year -€25,353
down €25,353 (-61.8%), from €41,032 to €15,679
of which Other amounts receivable: -€19,207
- Cash +€16,629
up €16,629 (+151.4%), from €10,985 to €27,614
mainly Receivables within one year (+€25,353) and Net result for the year (+€22,866)
- Deferred charges and accrued income -€1,494
down €1,494 (-47.6%), from €3,140 to €1,646
- Profit (loss) carried forward +€22,033
up €22,033 (+262.3%), from €8,401 to €30,435
- Debts after one year +€19,522
up €19,522 (+185.9%), from €10,500 to €30,022
- Other debts +€11,896
up €11,896 (+237.7%), from €5,005 to €16,901
- Trade debts -€9,824
down €9,824 (-52.3%), from €18,766 to €8,943
- Current portion of long-term debt +€5,964
up €5,964 (+72.4%), from €8,237 to €14,201
- Gross operating margin +€38,010
up €38,010 (+270.0%), from €14,079 to €52,089
- Depreciation +€18,349
up €18,349 (+7099.7%), from €258 to €18,607
- Taxes +€2,671
up €2,671 (+82.3%), from €3,246 to €5,916
- Financial charges +€2,466
up €2,466 (+997.6%), from €247 to €2,713
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,463 | €103,897 | +€47,434 | +84.0% |
| Fixed assets | 21/28 | €1,306 | €58,957 | +€57,652 | +4416.1% |
| Tangible fixed assets | 22/27 | €1,306 | €58,822 | +€57,517 | +4405.7% |
| Plant, machinery and equipment | 23 | €992 | €10,146 | +€9,154 | +922.6% |
| Furniture and vehicles | 24 | €313 | €13,138 | +€12,825 | +4094.2% |
| Leasing and similar rights | 25 | - | €35,538 | +€35,538 | |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €55,158 | €44,939 | -€10,218 | -18.5% |
| Amounts receivable within one year | 40/41 | €41,032 | €15,679 | -€25,353 | -61.8% |
| Trade receivables | 40 | €18,026 | €11,880 | -€6,146 | -34.1% |
| Other amounts receivable | 41 | €23,006 | €3,799 | -€19,207 | -83.5% |
| Cash at bank and in hand | 54/58 | €10,985 | €27,614 | +€16,629 | +151.4% |
| Deferred charges and accrued income | 490/1 | €3,140 | €1,646 | -€1,494 | -47.6% |
| Total equity and liabilities | 10/49 | €56,463 | €103,897 | +€47,434 | +84.0% |
| Equity | 10/15 | €9,301 | €31,335 | +€22,033 | +236.9% |
| Contributions | 10/11 | €900 | €900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,401 | €30,435 | +€22,033 | +262.3% |
| Amounts payable | 17/49 | €47,162 | €72,562 | +€25,400 | +53.9% |
| Amounts payable after more than one year | 17 | €10,500 | €30,022 | +€19,522 | +185.9% |
| Financial debts | 170/4 | €10,500 | €30,022 | +€19,522 | +185.9% |
| Amounts payable within one year | 42/48 | €36,596 | €42,473 | +€5,877 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €8,237 | €14,201 | +€5,964 | +72.4% |
| Trade debts | 44 | €18,766 | €8,943 | -€9,824 | -52.3% |
| Suppliers | 440/4 | €18,766 | €8,943 | -€9,824 | -52.3% |
| Taxes, remuneration and social security | 45 | €4,588 | €2,428 | -€2,159 | -47.1% |
| Taxes | 450/3 | - | €2,428 | +€2,428 | |
| Remuneration and social security | 454/9 | €4,588 | - | -€4,588 | |
| Other amounts payable | 47/48 | €5,005 | €16,901 | +€11,896 | +237.7% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258 | €18,607 | +€18,349 | +7099.7% |
| Other operating charges | 640/8 | €1,926 | €1,987 | +€60 | +3.1% |
| Gross operating margin | 9900 | €14,079 | €52,089 | +€38,010 | +270.0% |
| Operating profit (loss) | 9901 | €11,894 | €31,495 | +€19,601 | +164.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +19.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +19.0% |
| Financial charges | 65/66B | €247 | €2,713 | +€2,466 | +997.6% |
| Recurring financial charges | 65 | €247 | €2,713 | +€2,466 | +997.6% |
| Profit (loss) for the period before taxes | 9903 | €11,647 | €28,783 | +€17,136 | +147.1% |
| Income taxes | 67/77 | €3,246 | €5,916 | +€2,671 | +82.3% |
| Profit (loss) for the period | 9904 | €8,401 | €22,866 | +€14,465 | +172.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,401 | €22,866 | +€14,465 | +172.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.